Chester See Sells 5,800 Shares of Lundin Gold Inc. (TSE:LUG) Stock

Lundin Gold Inc. (TSE:LUG) Senior Officer Chester See sold 5,800 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of C$40.92, for a total value of C$237,321.50.

Lundin Gold Trading Down 0.9 %

Shares of TSE LUG opened at C$39.86 on Monday. The stock has a 50-day moving average price of C$35.50 and a two-hundred day moving average price of C$32.39. Lundin Gold Inc. has a 12 month low of C$15.40 and a 12 month high of C$41.74. The company has a market cap of C$6.80 billion, a price-to-earnings ratio of 22.37 and a beta of 1.23.

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.72 annualized dividend and a dividend yield of 4.32%. This is an increase from Lundin Gold’s previous quarterly dividend of $0.20. Lundin Gold’s dividend payout ratio is currently 60.06%.

Analysts Set New Price Targets

LUG has been the subject of a number of analyst reports. Cormark downgraded Lundin Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 20th. Royal Bank of Canada boosted their price target on Lundin Gold from C$31.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 11th. Desjardins boosted their price target on Lundin Gold from C$38.00 to C$42.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. CIBC boosted their price target on Lundin Gold from C$34.00 to C$41.00 in a research note on Monday, December 2nd. Finally, Jefferies Financial Group downgraded Lundin Gold from a “buy” rating to a “hold” rating and dropped their price target for the company from C$37.00 to C$36.00 in a research note on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Lundin Gold has an average rating of “Moderate Buy” and a consensus price target of C$35.18.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.